A PULLOUT EVERY FRIDAY WITH

FRIDAY, JANUARY 17, 2020 . ISSUE 3048/2020 . PP19055/06/2016(034530) PRINT + DIGITAL EP J2 FRIDAY JANUARY 17, 2020 • THEEDGE FINANCIAL DAILY NEWS A PULLOUT EVERY FRIDAY WITH

FRIDAY, JANUARY 17, 2020 . ISSUE 3048/2020 . PP19055/06/2016(034530) PRINT + DIGITAL

TEP 04 All it might take to own a NEWS property is some discipline Pesat Bumi to build up your savings. Get in JV to build Geo Antharas at some tips on Pages 8 to 10. mid-hill Genting

Prepare for the worst in the Metal Rat year TEP

FEATURE11

TEP 14 HOME IDEAS Spring-cleaning CAN’T — how to fight that feeling and declutter AFFORD available online + offline Missed our past issues? Click or tap here to visit our ASubscribe HOME? digital archive! Really? to pullout www.EdgeProp.my for FREE! EP 2 FRIDAY JANUARY 17, 2020 • THEEDGE FINANCIAL DAILY

NEWS HIGHLIGHTS from www.EdgeProp.my

Penang to build 180,000 affordable BSP21 enters the Malaysia Book of Records housing units by 2030 With a total of 103 facilities, LBS The Penang government targets Bina Group Bhd’s BSP21 project has to build 180,000 aff ordable hous- entered the Malaysia Book of Re- ing units by 2030, state Housing, cords for the “Most Number of Facil- Local Government, and Town and ities in Residential Development” in Country Planning committee chair- the country. man Jagdeep Singh Deo recently Located on a 21-acre plot in disclosed. Bandar Saujana Putra, Selangor, “According to the latest update BSP21 comprises 2,602 serviced from end of last year, Penang cur- apartments that sit on top of three rently has a total of 102,335 af- podiums, which are connected via fordable housing units that have sky bridges and green spaces. tainable homes with the community Ahya, Menteri Besar Incorporat- been [either] completely built, are The fully completed leasehold at heart,” said LBS group managing ed chief operating offi cer Soff an The Edge Property Sdn Bhd (1091814-P) undergoing construction in various project comes with 103 facilities and director Tan Sri Lim Hock San in his Affendi Amirudin, Permodalan Level 3, Menara KLK, stages or pending approval,” he amenities across eight acres of space speech at a certifi cate presentation Negeri Selangor Bhd chief fi nan- No. 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, said in his speech at an agreement including a swimming pool the size ceremony at BSP21 on Jan 14. cial officer Mohd Helmi Mohd Selangor, Malaysia signing ceremony between Aspen of 19 badminton courts as well as a Also at the event were Selangor Yusof and Kuala Langat district Vision City and Kerjaya Prospek Sdn 66,000 sq ft, four-level clubhouse. Menteri Besar Datuk Seri Amirudin offi cer Mohd Jusni Hashim. Bhd earlier this week. The project has a gross develop- Shari, founder and advisor of Malay- In his speech, Amirudin urged EdgeProp.my According to Jagdeep, some ment value of RM1.4 billion. sia Book of Records Tan Sri Danny developers to provide competitive Managing Director/Editor-in-chief 30,000 affordable housing units “Our entry into the Malaysia Ooi and its chief operating officer products and services to attract Au Foong Yee have been built and another 30,000 Book of Records is testament of our Christopher Wong, Selangor State buyers and enhance the state’s EDITORIAL units are under construction. commitment to strive to build sus- secretary Datuk Mohd Amin Ahmad living environment quality. Executive Editor Sharon Kam Assistant Editor Tan Ai Leng Deputy Chief Copy Editor Kg Baru develop- James Chong ment plan can be a new off er of RM1,000 psf as the vehicle that will be set up to facili- from a low base after an 18% y-o-y Copy Editor final price for buying over land tate the redevelopment. contraction in 2018. Arion Yeow ˎ nalised by June Senior Writer in Kampung Baru compared with “Sustained revenue growth and Rachel Chew The Federal Territories Ministry RM850 psf earlier. RM150 psf of the a slow recovery in profi t margins Writers Slow recovery for Natalie Khoo, Shawn Ng, Khalid Abdul Samad is optimistic purchase price would be paid in the property sector in should drive core EPS growth of 7% Chin Wai Lun, Chelsey Poh that the Kampung Baru Develop- form of stakes in a special purpose y-o-y in 2020,” the research house Art Director Sharon Khoh 2020 — Afˎ n Hwang Senior Designer Jun Kit ment Plan can be fi nalised by June said, noting that the moderate net Designer Rajita Sivan this year, based on feedback re- Get BREAKING Investment gearing level will allow most de- For New Launches/Events/ ceived from landowners. PROPERTY Affi n Hwang Investment Bank Bhd velopers to weather the current Press Releases/News Tips Khalid said the Kampong Bharu NEWS delivered expects property demand to see a industry slowdown. email: [email protected] Development Corp has held small slow recovery in 2020 given the af- Affi n Hwang further noted that Tel: (03) 7721 8211 Fax: (03) 7721 8280 to you daily via group meetings with nearly 50% of WhatsApp! fordability issues and weak market most property developers will re- ADVERTISING & MARKETING the 5,374 landowners in Kampung sentiment. port weaker sales in 2019 with few- Associate Account Director, TO SUBSCRIBE Advertising & Marketing Baru. “Of that, 97% said they are According to the research er new property launches. Heidee Ahmad (019) 388 1880 ready to sell their lots to pave the 1. Add +6018 290 2116 house, market conditions remain However, the Home Ownership Senior Account Managers to your contact Ian Leong (012) 359 1668 way for the Kampung Baru Devel- challenging. Campaign stamp-duty waiver ex- Cecilia Too (012) 319 7666 opment Plan,” he told reporters list as EdgeProp “We expect sector core earn- tension to the end of 2019 sup- Account Manager recently. News. Or scan ings per share (EPS) to rebound ported the recovery in housing Joane Tan (012) 377 2885 The government had announced this QR code. 6% year-on-year (y-o-y) in 2019E demand. Marketing Support & Ad Trafˎ c 2. Send us a WhatsApp with Madeline Tan (03) 7721 8218 email: [email protected] "NEWS" and your full trending name in the message. How do I get past issues of this weekly pullout? BUSINESS DEVELOPMENT Manager Go to www.EdgeProp.my to download for free Nimalen Parimalam (014) 324 3193 now

AGENCY SALES Sales Manager Stannly Tan (012) 538 1687 If you have any real estate-related events, email us at [email protected]. LAUNCHES + EVENTS Events listed here will also appear on www.EdgeProp.my. PRODUCT DEVELOPMENT & CUSTOMER ADVISORY Senior Manager Elizabeth Lay (012) 512 1687 Blossoming New carnival. Many exciting activities Auspicious Chinese Associates Year 2020 await including pop music, New Year Celebration Omar Nawawi (012) 537 1687 Nazrin Hakimin (017) 368 6061 Date: Jan 18 & 19 (Sat & Sun) kids’ colouring, Lego games, Date: Feb 2 (Sun) Time: 11am to 8pm face painting and, of course, an Time: 11am to 3pm For enquiries and listings Venue: Sunsuria Forum @ 7th abundance of delicious food. Venue: Setia Warisan Tropika email: [email protected] Tel: (03) 7733 9000 Avenue, No. 1, Seksyen U13, Jalan RSVP to get free food vouchers. Welcome Centre, KIP Sentral, Setia Dagang AL U13/AL, Setia G-41 Tingkat Bawah, Jalan EdgeProp.my pullout is published by The Edge Property Sdn Bhd. It is Alam, Shah Alam, Selangor Warisan Sentral 1, Kota available with The Edge Financial Shanghai Street at Contact: (03) 6145 7777 Warisan, Sepang, Selangor Daily every Friday. The pullout Gamuda Gardens is also distributed at more than Bazaar, workshops, performances, Contact: (03) 806 200 ofˎ ces, shopping complexes, Date: Jan 18 & 19; Feb and a giant eight-meter lou sang 2552/2553/2557/2558 condos, medical centres and F&B outlets in the Klang Valley. You can 8 & 9 (Sat & Sun) are in store for visitors to the Join S P Setia Bhd for a also download it for free at Time: 3pm to 9pm Chinese New Year festive event weekend at Setia Warisan www.EdgeProp.my Venue: Gamuda Gardens organised by Sunsuria Bhd. There Chinese New Year Tropika to celebrate the Lunar Experience Gallery, Persiaran will also be free face painting and Celebration at New Year 2020 and enjoy Th e Edge Malaysia Gamuda Gardens 1, Bandar rainbow calligraphy giveaways. Sanctuary Mall good food and great company.

Publisher and Group CEO Gamuda Gardens, Kuang, Date: Jan 18 (Sat) Event highlights include God Ho Kay Tat 48050 Selangor Sky Meridien Food Time: 10am to 10pm of Prosperity appearance, Contact: (03) 6037 2888 Truck Carnival Venue: Sanctuary Mall@ acrobatic lion dance and yee EDITORIAL Experience Old Shanghai at the Date: Jan 18 (Sat) Eco Sanctuary, Persiaran sang toss. RSVP your attendance Editor-in-chief Azam Aris CORPORATE bazaar organised by Gamuda Time: 12pm to 5pm Eco Sanctuary, 8/3, Eco through phone or register via Chief Operating Ofˎ cer Land held in conjunction with Venue: SkyWorld Gallery @ Santuari, 42500 Selangor setiawarisantropika.house. Lim Shiew Yuin the Lunar New Year. Visitors Sentul, Jalan 1/48a, Bandar Contact: (03) 8688 2552 ADVERTISING & MARKETING Chief Commercial Ofˎ cer can enjoy the gorgeous Cherry Baru Sentul, Kuala Lumpur Mark your calendar to join Sharon Teh (012) 313 9056 Blossom Tunnel and fun Contact: (03) 4031 6768 EcoWorld in celebrating the General Manager activities such as the Gold Be sure to Lunar New Year at this event Fong Lai Kuan (012) 386 2831 Bar lift challenge, kids’ art come with an where you can have your palm Senior Sales Manager Gregory Thu (012) 376 0614 contest, acrobatic lion dance empty stomach read, a free haircut, a CNY- Head of Marketing and mask changing show as to SkyWorld’s themed manicure and other Support & Ad Trafˎ c well as food and beverage from Sky Meridien to activities. From 7.30pm, there Lorraine Chan (03) 7721 8001 Eggette Lab, mart by Freshii, enjoy the food will be LED lion dance, fi reworks, Tealive and Starbucks. truck music celebrity performances and more.

EP 4 FRIDAY JANUARY 17, 2020 • THEEDGE FINANCIAL DAILY NEWS

Pesat Bumi in JV to build Geo Antharas at mid-hill Genting

LOW YEN YEING | EdgeProp.my BY CHELSEY POH Tan (left) PETALING JAYA: Pesat Bumi Sdn Bhd and Teh is planning another development at Pahang’s Genting Permai after success- fully delivering its geo38 Residence in the same area in January 2019, six months ahead of schedule. Th e company is also the developer of 28 shopoffices at the mid-hill location in Genting Highlands called Genting Permai Avenue which was launched back in 2012. Genting Permai Avenue has been fully sold while geo38 Residence is 98% sold. Coming up next, Pesat Bumi is partner- ing two individuals namely Dato Tan Su Cheng and Kenneth Teh to develop Geo Antharas on a 2.5-acre site owned by Pesat Bumi. Th e estimated gross development value (GDV) is RM380 million. Th e serviced apartment project will be developed under a joint venture company called Antharas Hills Sdn Bhd where Tan and Teh are directors along with Pesat Bumi founder and managing director Leong Poh Hoong. Tan is also managing partner of in- terior design fi rm PDI Design & Associates. Named after Antares, a bright and dis- tinctly reddish star, Geo Antharas will be located directly opposite Highlands Inter- far we have completed the earth works as they can enjoy the outdoors as well as national Boarding School. and retaining walls. Piling works are now “We foresee the cool and refreshing air. It would also be “From day one, we have aspired to devel- in progress,” Tan said. in the next ˎ ve to great for those who are not working nine- op homes promoting healthy and wellness Facilities at Geo Antharas include swim- to-fi ve, such as IT workers and business living. And the location here is known for ming pool, heated pool, badminton court, 10 years, due start-ups, due to its proximity to KL city and its cool and refreshing climate,” Teh told multipurpose hall, gym room, basketball half Resorts World Genting which has some of EdgeProp.my. court, children’s play area, library, co-work- to the rapid pace the best entertainment facilities and other The freehold project will have three ing space, video arcade room, mini theatres, of development, facilities such as conference rooms. “High north-south facing towers (41 storeys, 30 VIP lounges and celebrity kitchens and re- speed internet would also be available at storeys and 32 storeys) comprising 476 units tail stores. Genting Permai Geo Antharas,” he added. of fully-furnished serviced apartments with “We foresee in the next fi ve to 10 years, “The number of people staying in built-ups ranging from 470 sq ft to around due to the rapid pace of development, would become Genting Permai, both long term and short 1,000 sq ft. Th e project will also off er exclusive Genting Permai would become a nice size- a nice sizeable term is increasing,” he noted. He also be- furnished units on selected fl oors to target able ‘mid-hill city’ with comfortable weath- lieves that demand is high in view of the foreign buyers. er,” Tan enthused. ‘mid-hill city’ entertainment and commercial components “We are talking to an international hotel As for daily conveniences, Genting nearby, as well as the Genting Integrated brand to operate tower C (32 storeys),” Tan Permai now has a variety of F&B outlets, with comfortable Tourism Plan (GITP) master plan that might disclosed. Prices start from RM750 psf for cafes, convenience stores, car service shops, weather.” — Tan act as a future catalyst. early birds. Th e project was soft launched petrol station and other conveniences. Developing mainly in Genting Permai, in mid-December 2019, while target com- Tan elaborated that Genting Permai Pesat Bumi still has over 14 acres of unde- pletion date is in September 2023. “Th us would be a perfect place to live for retirees veloped land in the area.

‘Buyers should regain bargaining power’

LOW YEN YEING | EdgeProp.my BY CHELSEY POH On the large property overhang numbers the pricing to be returned to buyers. Buyers in Malaysia, Foo said one reason for the should determine the price, not the other KUALA LUMPUR: Th e Malaysian property overhang is high housing prices, especially way round,” he added. market will continue to be fl at this year, ac- in urban areas. He expects the 2019 property transaction cording to CBRE | WTW managing director “Ultimately, when it comes to housing volume data to show improvement, thanks Foo Gee Jen at the launch of the CBRE|WTW prices, we need market forces to resolve to the Home Ownership Campaign (HOC) 2020 Asia Pacifi c Real Estate Market Outlook the problem. Property prices could be de- which helped clear some stock. However, Report yesterday. termined by buyers.” the overhang situation remains a concern “I believe property transactions in 2020 He shared that in some developed coun- as there is a number of new launches add- will not be as high as 2019 as the HOC (Home tries such as the UK, consumers are able to ing supply into the market. Ownership Campaign) has not been extend- dictate property prices by bargaining even On the issue of aff ordability, Foo said ed to this year,” he said. when buying from the primary market. developers should adopt the industrialised He noted some trends will be more ap- “Although the primary market only ac- building system or IBS. parent in the near future including the rise “Ultimately, when it comes counts for less than 35% of overall trans- “Th is is just like the Industry 4.0. If we of millennial property buyers and the ex- to housing prices, we need actions in Malaysia, prices in the mar- continue to rely on cheap foreign labour, panding senior population (retirees). market forces to resolve the ket overall follow the primary market,” the industry’s pace of IBS adoption will be “I also believe property demand will said Foo. hampered,” he said, adding that there is be driven by urbanisation. There is still problem. Property prices “In Malaysia it is a take-it-or-leave-it sit- also not enough incentive for IBS adoption. room for the urbanisation rate to grow,” could be determined by uation when it comes to new projects. he added. buyers.” — Foo “It is time for the power to determine This article first appeared on EdgeProp.my

EP 6 FRIDAY JANUARY 17, 2020 • THEEDGE FINANCIAL DAILY

Artist’s impression Artist’s impression

Waterfront Village — the pulse of Klang Valley North

he 810-acre township Market, Mr DIY, GMT money changer side wellness centre called Gardens of Gamuda Gardens in and Ecocana Sports. Freshii Neigh- Wellness will also sit beside the retail Selangor welcomes an bourhood Market sells a variety of village to off er facilities such as a gym, T exciting new year with local and imported food, from fresh eight badminton courts, a swimming the completion of an en- vegetables and fruits to quality frozen pool, and a dance studio. chanting lakeside retail village called seafood and meats from the US, Aus- With its spectacular waterfall the Waterfront Village in January. tralia and Japan. A line-up of organic and lake setting, the Central Park is It will serve as the social hub for products are also available. also suitable for wedding shoots, while residents of the mindfully-planned Th e retail village is set to receive events and parties can be held at Le township located in North Sungai more tenants after March 2020, says Gardens Pavilion, an exquisitely craft- Buloh, as well as for the population in developer Gamuda Gardens general ed event space operated by Weddings the surrounding vicinity of KL North manager Chu Wai Lune. by Emma. in general. Indeed, the opening of the Water- UNIQUE DESIGN COMBINING MODERN front Village will add an abundance of With the 50-acre pet-friendly Central AND COUNTRY LIVING conveniences for residents of Gamuda Park next to it, Waterfront Village’s The ribbon-cutting ceremony to mark the opening of the Gardens Wellness centre At Gamuda Gardens, everything is Gardens including a collection of food design traces the shape of the park’s that sits beside the retail village mindfully planned and thoughtfully and beverage outlets, retail brands, lakeside. brought together. recreational and wellness elements, Th e seamless layout connects the the green surroundings, especially the ribbon-cutting ceremony, a weekend Besides the exciting retail, enter- a market hall, a clubhouse and others. retail village with the outdoor natu- of the two waterfalls and the fi ve cas- bazaar with an Old Shanghai theme tainment and leisure components, Waterfront Village is named after ral setting which encourages people cading lakes. also kicked off in conjunction with there will also be amenities such as the lakes and waterfalls fronting the to enjoy the outdoors and provides a Th is means that besides visiting the Chinese New Year festive season. educational institutions including building. Sitting on a 100,000 sq ft relaxing vibe. For instance, nothing shops inside the building, one could Interesting activities at the street Beaconhouse preschool and inter- site, it has a net lettable area of about separates the lower ground fl oor of also take a leisurely stroll or ride a bazaar will include acrobatic lion national schools. 27,700 sq ft of which around 40% has the retail village from the green lawn bicycle along the lakeside, eat, read, dance, mask-changing performance So far, Gamuda Gardens has been taken up. beside the lake, while the ground fl oor relax or just wander around the beau- (bian lian), gold bar challenge, God of launched landed homes called Aida, Confi rmed tenants to date include features a huge balcony that allows tiful and refreshing environs. Prosperity walkabout, Chinese feather Agalia, Lavena and Nara; high-rise KFC, Tealive, Freshii Neighbourhood the public to enjoy scenic views of In the evening, a fountain in the jianzi (shuttlecock) game and delicious homes Gaia Residences; Rumah Se- middle of the lake will be lighted up authentic street food. langorku aff ordable housing Danau to throw an impressive visual feast, Ria; cluster semidees Jovita as well while the Gardens of Lights will be lit MORE EXCITEMENT as superlink homes Joya. Gaia Resi- up with interactive landscape lighting IN STORE dences and Joya are participating in and fun LED stepping tiles. Gamuda Gardens was fi rst launched Maybank Islamic’s HouzKEY fi nancial “Gamuda Land has made a con- in 2017 and is steadily drawing more scheme for easy home ownership. Fu- scious eff ort to incorporate placemak- people to the area with its exciting ture launches will include semidees ing elements into Gamuda Gardens’ new attractions. and bungalows. commercial components,” Chu says. For instance, already up and running Th e township has easy access to “Envisioned as a social hub, the re- is the Gardens Arena, a FIFA-sized foot- the North-South Expressway leading tail village provides the ambience and ball pitch that was opened in December to Kuala Lumpur city centre, Petaling the space for activities to take place, 2019, allowing Gamuda Gardens to Jaya, Subang Jaya and Shah Alam; the such as events, gatherings, casual busi- host social leagues and tournaments. Guthrie Corridor Expressway lead- ness meetings, having coff ee and other A water-play area called the Big ing to Shah Alam’s Bukit Jelutong; as activities,” he adds. Bucket Splash covering an area of well as LATAR Expressway that con- Th e Waterfront Village was offi cial- around 1,180 sq m will be set up at nects to Kuala Selangor and Selayang, Lake illumination at the Gardens of Lights ly completed on January 11. Along with the Waterfront Village while a lake- Selangor.

All are welcome to visit the Old Shanghai Street Bazaar at Gamuda Gardens’ Waterfront Village on Jan 18 & 19 and Feb 8 & 9 from 3pm to 9pm.

For more information, please visit gamudaland.com.my/ gamudagardens. Tel: +603-2727 7438

Visitors to the Waterfront Village can take a stroll or ride a bicycle along the lakeside One of the children’s playgrounds at Gamuda Gardens FRIDAY JANUARY 17, 2020 • THEEDGE FINANCIAL DAILY EP 7 EP 8 FRIDAY JANUARY 17, 2020 • THEEDGE FINANCIAL DAILY COVER STORY

You can afford to BUY A HOME, if you do this

Buying your own house with only a RM3,000 monthly salary may seem like just a dream, but if you are prudent enough, you may be able to realise that dream.

BY CHELSEY POH

ENG MEEI YU e have heard Malay- 1. Plan and save for 2. Apply for sians complaining about house prices soaring be- the down payment housing loan yond reach. But pointing fingers and waiting for Th e fi rst payment is usually the down payment, Once you have enough after saving for three the government, the de- so prepare to save for it well in advance. Saving to fi ve years, choose a unit and pay for the 10% Wvelopers or the market to change things may enough for a down payment would entail com- down payment. Th en proceed to borrow the re- take forever, and you may end up not having mitment, discipline and patience over a period maining amount from a bank or from other fi - anything to your name. Ultimately, if you want of time. nancing channels. it bad enough, you will have to beat the odds Assuming the down payment is 10% of Refer to Figure 1 for a simple example of how yourself. the property price, this would translate into loan eligibility is calculated. On the other hand, if you buy a home of RM30,000 for a house worth RM300,000. We used RM3,000 as the income level but your own, especially in the Klang Valley, you Eng: In aiming to buy a If you earned RM3,000 a month, you would usually after fi ve years, someone who is moti- must ensure that you do not overburden your- house, you need to ˎ rst need to save between RM500 and RM833 a vated and ambitious should be earning more self by committing to a property that is beyond have and stick to a long- month (15% to 30% of salary) over three to fi ve than that amount by then. your fi nancial capabilities. term ˎ nancial plan. years. (See Table 1.) Yong suggests getting the longest loan tenure Co-founder and executive director of fi nan- Avoid other commitments such as car loans to lower the risk of tight cash fl ow. “It is not easy cial planning fi rm MyFP Services Sdn Bhd and or other loans for luxury spending such as an to own your fi rst property independently but Certifi ed Financial Planner (CFP) holder Eng YONG CHU EU extravagant wedding. once you get your fi rst house, it becomes easier Meei Yu warns that it is important for you to “For instance, many youngsters choose to to buy a second or a third,” he adds. understand your own fi nancial situation be- buy a new car, or the smartest notebook, or fore making any signifi cant fi nancial decisions phone as soon as they start work but this would like buying a property. signifi cantly slow down your progress of buy- “In aiming to buy a house, you need to fi rst ing a house,” says managing director of Money Figure 1: Calculation have and stick to a long-term fi nancial plan & Life Academy and certifi ed fi nancial planner of loan eligibility that takes into consideration your personal Yong Chu Eu. fi nancial circumstances and goals,” she tells He advises using a cheap second-hand car, EdgeProp.my. public transport, or staying near your work- RM3,000 Young homebuyers today could also take a place. Monthly gross pay leaf from the books of the older generation of “Time is important in accumulating wealth. homebuyers who were willing to start small and Th ese loans might drag on for about seven to then upgrade when they began to earn more. Yong advises using a nine years due to the loan repayment period RM2,400 Houses priced below RM300,000 and those cheap second-hand pulling you back from starting the journey to under various government housing schemes car, public transport, accumulate wealth early,” he adds. Net pay (after deducting tax, would be a good choice for fi rst-time homebuyers. or staying near your EPF and SOCSO)* According to data released by the Depart- workplace. ment of Statistics Malaysia in October 2019, the average monthly salary in Malaysia stood Table 1: Sample at RM3,087 in 2018. monthly budget plan RM1,680 Assume monthly commitment Hence, if we took a young adult earning MONTHLY INCOME AMOUNT (RM) RM3,000 per month as an example, what is 30% of net income should he or she do in order to buy a house Gross pay 3,000 (debt servicing ratio = 30%)* worth RM300,000? Consider the following steps. Net pay* 2,400 MONTHLY EXPENSES AMOUNT (RM) RM1,480 Room rental 500 After student loan repayment of RM200 Food 600 Transport 200 Student loan repayment 200 RM296,000 Leisure 200 Remaning amount times 200 = eligible full loan amount* Remaining 700 SOURCE: YONG CHU EU SOURCE: YONG *After deducting tax, EPF and SOCSO *According to assumptions based on common situations. FRIDAY JANUARY 17, 2020 • THEEDGE FINANCIAL DAILY EP 9 COVER STORY

“Owning is always better than renting”

BY RACHEL CHEW

ailing from Seremban, Negeri Sembilan,

buying her own property never occurred to EdgeProp.my 27-year-old Hyinz Ng until she was trans- ferred to the Klang Valley four years ago. HNg, who works as a photographer for a publication, says she used to live comfortably with her family in

Seremban. YEN YEING LOW | “As the Seremban offi ce was downsized, I was of- fered work at the company headquarters located in Petaling Jaya. I accepted the off er, but moving to the city was such a drain on my pocket because every- thing, especially the accommodation, costs more,” Ng tells EdgeProp.my. She rented a room in Petaling Jaya for RM600 a month excluding utility charges and parking bay rent. “Doing that sparked the thought of owning my own place. I was thinking that instead of paying rent every “It is true month to help the landlord ADVICE repay his property instal- that many of Telling your family and friends about ment, I should buy my own my friends your plan would also be a good idea, as property and pay instalment drive a bet- useful advice may come from unexpected for my own property,” Ng places. “Above all, start saving for the recalls. ter car than down payment immediately and make So one year after moving me, but when sure you save that portion of your income to PJ, Ng learned of a new I have only with strict discipline,” Yong counsels. aff ordable housing project located in Semenyih, Selan- RM100,000, gor. Th e apartment is part of the choice is a township being developed obvious be- 3. Plan for loan by a reputable developer. Th e selling price was RM100,000. cause prop- repayment After much consideration, erty creates she decided to buy the apart- If you have borrowed the full loan amount el- ment despite it being almost more value in igible (RM296,000), the monthly instalment an hour’s drive to her offi ce. the long run.” would be RM1,500 over 30 years. (See Table 2.) “It is now or never. A Yong and Eng both opine that for someone property for RM100,000 is rare and is something I can NG’S TIPS who is earning RM3,000 a month, the loan re- aff ord now. I’m lucky as I’m not doing a deskbound payment ratio is not healthy as it takes up more job, hence traffi c is not really my main concern. I BUYING than 50% of net income. Hence, it is important think what is important is to get a place to call my own CHOOSING PROPERTY AT A PROPERTY for them to strive to raise their income level. in a nice environment and within a growing township. A YOUNG AGE I believe it is an asset that will give me capital gains in future,” says Ng. 1. A clear goal 1. The right price Table 2: Sample calculation of She moved into the unit in June 2019. She spends monthly loan repayment It is not an impossible You don’t have to give around RM600 a month in total for mortgage repay- mission to buy property at a up everything and buy a ment, utilities and maintenance fees. TOTAL LOAN AMOUNT: RM296,000 young age. If you have a clear property you can barely “As I only received an 80% loan, I emptied my EPF Interest rate: 4.5% • Loan tenure: 30 years goal and believe it is possible, aff ord. Find a unit in an second account and topped up with RM10,000 in sav- you will adjust your lifestyle aff ordable housing scheme MONTHLY LOAN PAYMENT: RM1,500 ings for the 20% down payment and other fees. Fortu- and fi nd a way. project as it comes at a lower (Monthly starting principal payment – RM390 nately, I have saved up enough,” she says. price point which could give + monthly starting interest payment – RM1,110) Saving is a habit Ng has cultivated since she was 2. Be well prepared greater room for capital gains a child. She has been saving about 20% to 30% of her It takes a long time to be Est. TOTAL LOAN PAYMENTS*: RM539,923 in the future. monthly salary since she started working – she worked fi nancially prepared for a (est. total interest payments – RM243,923) part-time at a bakery shop as a teenager prior to pho- property. Therefore, plan 2. The area’s * Over 30 years tography. it ahead so that when the prospect Th e most eff ective way for her to save is to au- opportunity arises, you are Consider having a home Also to be noted is that for those buying prop- to-debit a fi xed amount of money every month into ready to grab it. a bit further from the city erty on the secondary market, the repayment another bank account that she never touches. as long as the area has a commitment would take eff ect once the loan is “I use what I have in the main account. Th e main 3. Start small good and complete master disbursed. point here is to separate the money so I could disci- Be practical and don’t aim too plan and amenities, facilities For new projects, monthly loan repayments pline myself from overspending,” she explains. high for your fi rst baby step. and connectivity. will gradually increase due to progress billing, Besides the apartment, fi xed savings and insur- Buy a smaller and aff ordable giving a longer buff er time for the borrower to ance, Ng says most of her money is spent on food and property so you don’t have seek a higher income. For buyers of new hous- personal items. to sacrifi ce too much of your es, loan repayments in the early stages (the fi rst “My car has been fully paid off and I do not intend lifestyle. You can slowly one or two years) should not be a huge burden, to change to a new one until I have to. upgrade your property as the as the repayment will begin with interest pay- “It is true that many of my friends drive a better car property gains value and your ments fi rst, before the full instalment kicks in. than me, but when I have only RM100,000, the choice salary slowly increases. A healthy loan-to-income ratio would be is obvious because property creates more value in the about 40% and below, taking into consideration long run,” she enthuses. emergency expenses. CONTINUES NEXT PAGE EP 10 FRIDAY JANUARY 17, 2020 • THEEDGE FINANCIAL DAILY COVER STORY

FROM PREVIOUS PAGE Common CHANG’S TIPS mistakes when “Never too young buying a home to own a property” BUYING PROPERTY AT A YOUNG AGE From a personal ˎ nance perspective, Eng shares 1. Give and take If you cannot have all the things you three common mistakes BY RACHEL CHEW want, prioritise. A fancy car should be novice homebuyers make. ranked as less important than a house

have always wanted to buy a CK CHANG down payment. Owning a house is property but I never thought I cooler than owning an imported car at 1. Not managing cash ː ow would buy one at the age of 22 a young age, says Chang. years old,” says the now 24-year- Cash fl ow is important, especially when “Iold CK Chang. 2. Work backwards you are about to get into a long-term com- Chang tells EdgeProp.my that he is Sit down and review your monthly mitment. To buy a house, you must be pre- the proud owner of a 1,100 sq ft con- expenses. Understand how much pared to regularly set aside a portion of dominium unit in Bukit Jalil, Selangor you can commit for a monthly house income, hence controlling outflow of cash worth about RM500,000. After getting instalment before looking for a is important. Those who do not budget the keys in February 2019, Chang de- property that you can aff ord. their expenses will risk overspending cided to rent it out for rental income. using credit cards or by getting personal “I joined the workforce after taking a 3. Buy early loans, resulting in negative cash flow and diploma course. I am lucky because my There are more pros than cons snowballing debt. Such debts will cause employer gave me a lot of opportunities of buying property at a young age as you to delay buying a house or default on and trusted me to take on greater respon- off ers some fi nancial assistance for young you are likely to maximise the mortgage a housing loan. sibilities. In a short period of time and fi rst-time homebuyers. I believe that if tenure, forcing you to save every month. at 22, my salary was already considered you are determined to buy your own You could also start accumulating high among my peers, so I guess that was property, you should do it now,” he says. other assets. 2. Not having a ˎ nancial plan how I was able to get a housing loan for He advises young homebuyers to work my condo,” says Chang. backwards when planning for a property Controlling cash outfl ow is a daily task, “I was renting a place with my partner purchase. “Before buying, the fi rst thing CHOOSING while a fi nancial strategy that incorpo- and she was eager to buy her own place. I did was to check my loan eligibility and A PROPERTY rates the individual’s fi nancial position and We went to see some new projects casu- how much I can commit for the monthly goals could act as a long-term fi nancial ally and she fell in love with the one in mortgage repayment after deducting all 1. Future prospects road map. Working out a personal fi nancial Bukit Jalil.” the other commitments such as my study The project’s design and township strategy, even a simple one, could help you Th ey decided to jointly buy the prop- loan, car loan and fi xed monthly savings.” planning are more important than in making better fi nancial decisions. erty. However, the mortgage application Ever since he started working, Chang location. Chang believes a sustainable was rejected as his partner did not have made it a habit to save about 20% of his township creates more value while a proof of strong fi nancial background. monthly salary as funds for short- and location can be “created” through place- 3. Being overly optimistic “Th e bank hoped that I could fi nd long-term investments. making, infrastructure development or about ˎ nancial and life another joint borrower but I did not have “Th e idea of buying a property has other catalysts. anyone else. I told the bank offi cer that been rooted in my mind since young, so situations I wanted to try as a single borrower and I have been saving money, and when the 2. Developer reputation Maintaining a healthy fi nancial position luckily, the loan was approved despite buying opportunity arose two years ago, Although not guaranteed, pick a requires a lot of hard work and prudence. my young age,” he says. I was ready,” he notes. reputable developer as they often Many may think that things will automati- In the current buyer’s market, Chang “One is never too young to own a bring lower risks in terms of project cally solve itself as time goes by, but the fact feels that it is a good time to buy a property. property. I believe owning a property abandonment, poor quality or poor is that it won’t. You need to be fully aware of “Th ere are many ongoing projects of- at a young age gives you more fi nancial after-sales service. the challenges that will come with buying a fering very minimal down payment with freedom in the long run,” Chang house and plan ahead of time to handle the a lot of freebies. Th e government also concludes. commitment.

NEWS Amazon picks Manchester over London for new UK corporate ofˎ ce

IAN CANHAM/ALAMY/BLOOMBERG BY NATE LANXON chester classed as corporate, in- outposts in Manchester. cluding a sales manager and a Still, London’s appeal to in- LONDON: Amazon.com Inc. tax analyst. vestors continues to wildly out- opened its fi rst corporate offi ce in A spokesman for Amazon sep- weigh that of cities like Man- the U.K. not to be based in the na- arately said that although the re- chester, Cambridge, Bristol and tion’s capital city, instead choos- tailer has other sites around the Edinburgh, all of which are home ing the northern city of Manches- U.K. — such as in Edinburgh, to top scientifi c universities and ter for a new site. Cambridge, and parts of Eng- notable tech fi rms, but only ac- Th e company said Th ursday land’s north west — they were counted for about a fi fth of Brit- it’ll populate the six fl oors and primarily either R&D hubs or dis- ain’s total 3.17 billion pounds of 90,000 square feet it’s leased in tribution centers. technology VC funding for the the century-old Hanover Building In picking Manchester as a fi rst half of 2019. with 600 new jobs “over time,” in- non-London hub for corporate Th e new offi ce is nestled in a cluding software developers and roles, the retail giant follows district populated with trendy branding specialists. the likes of the BBC, which over bars, theaters and cultural history. “We are already actively hir- the past decade has created or Th e city’s 15th-century cathedral ing,” Amazon U.K. Country Man- moved thousands of jobs into is about as equal a walk away from ager Doug Gurr said in a state- a purpose-built site in the city’s Amazon’s northern home as the ment. As of Jan 15, the company Salford area. Microsoft Corp. and Manchester Arena concert ven- had 19 open positions in Man- Alphabet Inc.’s Google both have ue. — Bloomberg Hanover building in Manchester. FRIDAY JANUARY 17, 2020 • THEEDGE FINANCIAL DAILY EP 11 FEATURE

BY TAN AI LENG he Malaysian and glob- Prepare for the worst in the al economy will continue to be sluggish and could get worse in the year of the Metal Rat, so it would be wise to keep cash, re- Tduce debt and extend your social net- Metal Rat year work as this will augur well in future if you need to fi nd a new job, said Mas- tery Academy of Chinese Metaphysics founder Datuk Joey Yap. LOW YEN YEING | EdgeProp.my According to Yap, the Earth, Met- nancial immunity and wait for oppor- al and Water elements are the three Yap: The Metal Rat tunities to show themselves. strong elements this Metal Rat year year is a good time Th ings may decline further towards which will begin on Feb 4, 2020. Th e to be cautious and the end of the year and early next year, Earth element is the strongest, which to ensure back-up hence a solid long-term strategy is means things would be moving slowly plans are in place. needed to brace against a long fi nan- or stay stagnant as its nature implies. cial winter which may last a couple of Although Metal is the second strongest years, said Yap. element, it will be buried under Earth. He was speaking during the Joey No sector will be spared Yap’s Feng Shui & Astrology Seminar Yap added that the Metal Rat year is a 2020 which took place at the Malaysia good time to be cautions and to make International Trade and Exhibition Cen- sure backup plans are in place as it tre in Kuala Lumpur on Jan 11 and 12. is going to be a turbulent time for all EdgeProp.my was the media part- sectors. ner of the event which attracted over From the Feng Shui perspective, the 20,000 Feng Shui afi cionados. Th e an- Water element is at its weakest in 2020 nual series of seminars kicked off with due to the strong presence of the Earth Singapore on Jan 5 followed by KL and element which suppresses and blocks Bangkok as well as Penang in February. its fl ow. Hence, faster-moving indus- “Looks can be deceiving when it tries that are infl uenced by the Water comes to the economy this year. As element such as those in tourism, jour- the strongest element in 2020 is Earth, nalism and start-ups (services) might which is Ding Fire’s Output element as- suff er some setbacks. sociated with appearances, it suggests “Starting the year with a clean fi - that the economy only looks good on nancial slate would be a good action the surface,” Yap told EdgeProp.my. plan for businesses. Make sure you The Metal element represents clear any outstanding debts and build wealth, but its strength is weaker than a steady cash reserve for emergency the Earth element, indicating a pos- needs,” Yap said. sible global economic downturn that The political scene may also see may manifest as a recession at the end some turbulence as the Yin (Tiger), a of the year or early 2021 as the element Solitary Star that deters cooperation gets weaker in the third quarter of 2020. with others, is present. The Hidden However, he also added that: “Th is innovation are your best friends in 2020, Combination of Chou (Ox) and Yin is not set in stone as a trigger is needed so expand your immediate skill sets to (Tiger) indicates power plays. to activate this time bomb. Hopefully, Stay out of these directions! keep ahead during diffi cult times,” he “Prominent fi gures may be ques- with the strength of the Nobleman re- explained. tioned about their values, ideals and siding in the Rooster, it will be able to It will be a challenging tor of your property. Aside Although the global economy does the manner in which they choose to soften the impact.” year for the property sector from severe outcomes for your not look great, those who have a plan help others. Meanwhile, there may be “Be brave and embrace the chal- and there are three cardinal health, it could also potential- and are prepared to take advantage of an increased number of mass protests, lenges and in coming up with options directions to avoid. ly invite accidents and disas- fl uctuations in the market, may see this especially in regions where oppression to solve problems,” he said, and off ered “These directions will make ters into your home. as the best time to gather resources for is high and there is poor fundamental three things to do that would help nav- ground breaking of new pro- “You should avoid facing the future. rights.” igate one through the year. jects and renovation works this direction during work, 2020, he added, is not a good year However, Yap added, political tur- challenging. Avoid the South, major work discussions and for speculative endeavours. Instead, bulences will be short-lived due to the North 2 and East directions. meetings. Keeping your back investors are advised to build their fi - presence of the Nobleman Star. 1. Have at least six months of cash Activating these unfavourable to North 2 will enable you to reserve as this may come in areas would invite accidents, regain the upper hand in pro- handy to help ride out the bad health issues and disasters. fessional negotiations and Areas times such as unemployment. This would impact both prop- all career-related activities,” to avoid 2. Go zero-debt or only keep good erty buyers and developers. Yap said. debt such as housing loans. It would be best to keep these The East sector has the 3. Enhance your “network” with areas inactive,” said Yap. Five Yellow Star present which potential future employers. The South sector should be holds extremely volatile and left alone and undisturbed as negative energies. If it cannot be the Three Killings Star is situat- avoided, try using metal items, As for property investment, Yap said ed there. According to Yap, this preferably brass, copper and the market remains slow and it will would bring about some serious iron in the area to neutralise the take longer for sellers to fi nd buyers. negative consequences for the negative energies. Nevertheless, he emphasised that property and its inhabitants “For property owners, there are still opportunities to accu- such as accidents, robberies, avoid having any renovations mulate good assets, such as property, theft and health issues and in these areas of the property and in learning new skills to enhance complications, if activated. or if the property lies in these one’s knowledge and be equipped to Meanwhile the South 2 directions. Hold off any planned make informed decisions when the star is the Year Breaker. renovations until next year and need arises. Sometimes known as the only begin renovations after “We may see upheavals from 2019 ‘Wrath of the Grand Duke’, carefully selecting a good date follow us into 2020, so this is going to this star could trigger conse- for it,” he advises. be a fun and an exciting year for those quences with worse outcomes Meanwhile, he added, good who thrive under challenges,” said Yap. than the ones triggered by directions are those that are free Opportunities can be found espe- the Grand Duke itself! of the negative stars’ infl uences cially for those who are observant and As for the Grand Duke, this and that work well with one’s have a clear strategy in mind. star resides in the North 2 sec- personal good direction. “Keep in mind that adaptability and EP 12 FRIDAY JANUARY 17, 2020 • THEEDGE FINANCIAL DAILY INSTA-SPOTS

Pavilion Kuala Lumpur Disney’s Mickey Mouse EdgeProp.my and Minnie Mouse have joined in the festivities this CNY! Inspired by the musical box, BY NATALIE KHOO the giant Mickey and Minnie sculptures will put on a “performance” every hour rotating and Not sure what to twirling in tandem. Even PICTURES BY LOW YEN YEING PICTURES BY LOW | do other than eat the red lanterns are and watch reruns of hung and arranged in the shape of Mickey, so old Chinese movies do drop by if you are a this Lunar New fan! Th e Cultural Village at Centre Court, Level Year? Why not visit 2 also off ers interactive these malls in the pop-ups, delightful photo opportunities Klang Valley and and various activities. enjoy the festive decor inspired by Chinese heritage and tradition.

With bursts of spring colours and the very ong shades of red, yellow and gold, their decors will get you and your family into the festive spirit to welcome the Year of the Rat. The 8 must-see Here are eight malls you should visit this Chinese New Year (CNY) 2020! CNY mall decors!

Suria KLCC Th e mall has created the tallest pagoda replica in Malaysia at the KLCC Esplanade, just steps away from the Petronas Twin Towers. At 21.7m tall and certifi ed by the Malaysia Book of Records, the majestic octagonal-shape Chinese pagoda makes a great backdrop for a photo in the family album.

Berjaya Times Square, Jalan Imbi, Kuala Lumpur Adorned with gorgeous pink cherry blossoms, the mall has been transformed into a pretty fl oral garden with a palatial pavilion. Shoppers will also be entertained by weekend performances of Chinese orchestra, Chinese fl ower dance and God of Prosperity walkabout. FRIDAY JANUARY 17, 2020 • THEEDGE FINANCIAL DAILY EP 13 INSTA-SPOTS

Sunway Pyramid, Bandar Sunway, Selangor Synonymous with the colour of royalty, Sunway Pyramid has taken on a glittering gold theme of the Bank of Fortune to usher in prosperity in the Year of the Rat. During the New Year, gold is often presented to loved ones as an auspicious gift, signifying blessings and good luck. Lion Dance enthusiasts can enjoy performances every weekend at 3pm.

1 Utama Shopping Centre Bandar Utama, Selangor Shoppers are greeted with the Golden Wishing Tree Garden that represents longevity, prosperity and good fortune. Mid Valley Megamall, Kuala Lumpur Placed in the heart Partnering LEGO, Mid Valley has brought to life a vibrant of the garden is an village market at the Centre Court. Th ere are many activities ornamental pavilion for shoppers visiting the village market including exciting decorated with workshops, rewarding games, and even a special wishing wall. festive lanterns, cherry blossoms and golden oriental arches that off er stunning backdrops for Instagram pictures with friends and family.

The Gardens Mall, Kuala Lumpur Mid Valley Megamall’s sister mall, Th e Gardens Mall carries a slightly more traditional decor style. Regarded as a symbol of hope, paper cranes We would like to take centre stage this year in line with its decor theme called “On the wish all our readers Wings of Hope”. Th e beautiful and meticulously folded origami cranes celebrating Chinese bear the best wishes for a great year ahead. New Year “Gong Xi Fa Cai!”

NU Sentral Mall, KL Sentral, Kuala Lumpur Th e mall has chosen “YƯ FƗn FƝng Shùn” as its theme, which means “smooth-sailing through any obstacles” in Chinese. Using traditional Chinese watercraft, auspicious red lanterns, Chinese traditional drums and lotus fl owers, they symbolise the propitious wind that fl ows throughout the upcoming journey through 2020. EP 14 FRIDAY JANUARY 17, 2020 • THEEDGE FINANCIAL DAILY HOME IDEAS

“I may need The 1it someday” 4 distraction “There will Spring- de˴ nitely be “Someday I a day when it might wear “I like this will come in it or use it.” very much, I’ll handy.” spend some cleaning time admiring it before I give it away.” Put them in the “KIV” box and set a time period — how to ˴ ght that for review. Put aside the items to be discarded and set a timeline such as six months or one year feeling and declutter Stay focused on the task to review these items. If you have not worn, used of decluttering. or even looked at them once in that period, it is You might want to try the KonMari perhaps time to let them go. BY CHELSEY POH For those celebrating the method in fi nding whether a particu- For recyclable items like empty paper or tin Lunar New Year, there is time lar item sparks joy but the danger is one may end boxes and paper bags that you think might come o you ever find yet to free yourself from clutter up indulging in all those “joyful” memories and in handy someday, chances are they won’t. Time yourself rummag- and welcome the year with a forget the objective of the task at hand — to get to put these items into the recycling bins. ing through an en- clean slate. rid of the mess. tire room just to look Discarding the things that Being distracted in the process could leave Dfor something? Does the room you have been keeping for you frustrated and unable to complete the task. look like a tornado has just years sounds easy but it can be Worse, you may end up with an even messier The torn through it when you’re very diffi cult for some people. place. done, but you still can’t fi nd To master the art of declutter- scrooge it? We are already well into a ing, you may have to face and 2 new decade, for heaven’s sake, overcome these six emotio- so let’s just say no to clutter. nal battles. The “I have spent money on it, keepsake why should I 5 give it away?”

“It brings Admit you have made a back dear bad decision and let go. memories, Impulse buying is often the culprit let’s keep it.” and it’s hard to admit that you have made a wrong decision in buying things that end up never used or hardly used such as that unworn dress in your closet or that kitchen ap- pliance that has been gathering dust, just sitting in a corner of your kitchen for years. Why not Digitise the memories give them away? Th ey may be more useful in using your smartphone. somebody else’s hands. Gifts and cards make lovely mementos but while it’s alright to keep some of these items that “spark joy”, keep in mind that the more you keep, the more space they will take up. “I hate One way to ensure the memories that come with them remain even after you have gotten to waste” rid of the items is to snap photos of these items 3 or scan the cards or documents and save them on cyberspace or your personal computer. You “This still functions Four categories of things can keep as much of these sweet memories as you well. Throwing it out desire and look through them whenever you want. would be a waste.” to get rid of

Get rid of it, but not “Close one necessarily into the garbage bin. eye and Items are no better than trash if you Expired and Worn personal 6 keep holding on to them and do not use them. It outdated items hygiene items just throw” is not good to waste, but discarding things does not mean turning them into trash. Food in the fridge or cupboards, Old blankets, old towels and old Here are some ways you can adopt a zero- drained batteries, cosmetics and toothbrushes should be discarded “I want to get the waste approach: skincare products — if their best- for hygiene reasons. Travel-sized clean-up done faster, thinking through is too • Monetise them — sell the items on second before dates have long passed, it’s toiletries you’ve been keeping for tiring… I’ll just throw -hand marketplaces like Carousell, or ex- time to put them in the bin. The same years can go. Chances are you will everything.” change them for items that you need through goes for old magazines, CDs and DVDs never use them. Just pare it down to barter trade groups on social media. as well as bulky disc players. You what you need, and get rid of the rest. • Give them new life — there are plenty of ideas won’t be using these anymore as you available online to teach you how to upcycle have more choices online. Leave some time to reflect. and utilise old items for new purposes. We have been talking about get- • Donate or recycle them — donate unwanted ting rid of things, but sometimes we stuff to charities or communities. Respond may become overzealous and go to to various recycling activities such as 1 Uta- the other extreme, and throw things out with- ma Shopping Centre’s Eco-Fabric Bank that out proper consideration. It would probably collects cloth items for recycling. Campaign Stuff that does Extra and unused items be more eff ective if you look at it as a process ends Dec 31, 2020. For other recyclable items not fi t anymore of keeping what’s useful instead. Do not be such as paper, glass and metal, spend some Extra notebooks, calendars, plates, hasty and end up throwing away stuff that you time cleaning and sorting through them be- Shoes or clothes that no longer fi t or mugs, shopping bags, containers and actually need. fore sending them to recycling stations. match your current style should be water bottles that you received as Leave the sorted-out pile there for one or two • Th ink twice before buying — above all, start given away or sent to be repurposed/ gifts or as freebies will be better off days and fi lter through them again. On the other making better purchase decisions. Th ink be- recycled. with those who really need them. hand, do not forget your original goal and end

fore you buy and value what you have bought. BY JUN KIT ILLUSTRATIONS up keeping everything again! 3XEOLVKHGE\7KH(GJH3URSHUW\6GQ%KG 3 /HYHO0HQDUD./.1R-DODQ3-80XWLDUD'DPDQVDUD3HWDOLQJ-D\D6HODQJRU0DOD\VLD 3ULQWHGE\8OWLPDWH3ULQW6GQ%KG + /RW-DODQ6HSDQD2II3HUVLDUDQ6HODQJRU6HNV\HQ6KDK$ODP6HODQJRU0DOD\VLD FRIDAY JANUARY 17, 2020 • THEEDGE FINANCIAL DAILY

FRIDAY AUGUST 30, 2019 Click/tap on SPOTLIGHT each listing Commercial Residential to visit the Properties for sale and rent listing’s page

RM4,679,000 RM889,000 RM1,700/mth RM2,600,000 Residential land, Country Heights Selayang 18, Selayang, Selangor The Zest @ Kinrara 9, SS4D/2, Petaling Jaya, Selangor Damansara, Kuala Lumpur Type: New condominium penthouse Bandar Kinrara Puchong, Selangor Type: 3-storey shopoffice Tenure: Freehold Type: Land Tenure: Freehold Tenure: 99 years Built-up: 3,371 sq ft Type: Condominium Built-up: 1,200 sq ft Built-up: 6,000 sq ft Land size: 2,475 sq ft Land size: 13,369 sq ft Bedroom: 5 Bathroom: 4 Bedroom: 3 Bathroom: 2

Catherine (REN 09255) Cerrine Yew (REN 28403) Charles Chua (REN 02154) Chris Tang (REN 32877) CBD PROPERTIES SDN BHD (E (1) 1197) REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) +6012 383 9275 +6012 201 3088 +6012 282 0823 +6018 278 9330

RENTED FOR

Soho Suites KLCC DONE RM3,400 per month (RM5.24 psf) DEAL KLCC, Kuala Lumpur Concluded by: Eugene Pang (REN 30525) of MIP Properties Sdn Bhd (+6016 2724 228) When: September 2019 RM480,000 RM2,650,000 Wangsa Maju Seksyen 5, Soho Suites KLCC is Properties who closed the Taman Putra Sulaiman, Ampang, Kuala Lumpur Noteworthy strategically located between deal for the small office Kuala Lumpur Type: Condominium Tenure: Leasehold Type: Shoplot Tenure: Leasehold • Built-up: 649 sq ft Menara Bank Islam and home office (SoHo) unit, said 1,100 sq ft 1,600 sq ft 4 Built-up: Wisma Hong Leong, within the tenant signed a one-year Built-up: Bathroom: Bedroom: 3 Bathroom: 2 • 2 bedrooms and 1 bathroom the heart of Kuala Lumpur rental agreement. (REN 22102) Golden Triangle. Completed “He was taken by the (REN 02015) Elvie Ho • Freehold Jimmy Ng REAPFIELD PROPERTIES (KL) SDN BHD (E (1) 0451/1) in 2013, the freehold serviced brand new furniture provided REAPFIELD PROPERTIES (KL) SDN BHD (E (1) 0452/1) • Fully furnished residence was developed in the fully-furnished unit +6012 303 3788 with brand new +6016 257 0886 furniture by Jadepot Development and hence did not mind Sdn Bhd, a subsidiary of paying the slightly above- • Mid-floor unit Monoland Corp. market rental rate,” said • Nearby amenities: The 45-storey Pang. GO KL bus stops, development comprises According to EdgeProp. Monorail Raja five zones in one block, my’s listings as at Jan 7, the Chulan station, LRT KLCC station, with separate lifts for offices average asking rent for units KLCC shopping and residences. The project at Soho Suites KLCC was centre and park, enjoys proximity to shopping RM3,078 or RM4.25 psf based Pavilion Kuala malls, restaurants, banks, on 77 listings. There were also Lumpur schools, hospitals, hotels and 98 sale listings. • Facilities: Health entertainment spots. The average asking price fitness centre, It is 850m away from was RM698,863 or RM1,023 RM6,500,000 swimming pool, KLCC Park and 600m away psf. RM940,000 Resort and durian orchard, Raub, poolside cabana from Pavilion Kuala Lumpur. There were seven sales in USJ 11, USJ, Selangor Pahang with sofa bed, There is also easy access to 2019 with the average price Type: 2-storey terraced house 1,625 sq ft Type: Hotel/Leisure Tenure: N/A timber pool deck public transportation such at RM783,254 or RM1,058 Tenure: Freehold Built-up: 187,308 sq ft with sun loungers, 3,000 sq ft 3 Land size: as monorail, LRT and the free psf while 24 units changed Land size: Bedroom: sauna and steam Bathroom: 2 GO KL bus lines. hands in 2018 with the room, bar, cafe, John Oh (REN 07002) convenience stores Eugene Pang, the average price at RM923,083 Kelvin Tan Khai Yik (REN 31324) IQI REALTY SDN BHD (E (1) 1584) negotiator from MIP or RM1,246 psf. ASPIRE PROPERTIES (E (3) 1632) +6012 298 6266 +6016 403 2222

RM900,000 RM910,000 RM1,000,000 RM9,000/mth Villa Crystal, Segambut, Bandar Kinrara 7, Puchong, Tropicana Indah, Tropicana, Old Klang Road, Kuala Lumpur Kuala Lumpur Selangor Selangor Type: Office Tenure: Leasehold Type: New condominium Tenure: Freehold Type: Terraced house Tenure: Freehold Type: Terraced house Tenure: Leasehold Built-up: 3,000 sq ft Bathroom: 3 Built-up: 1,614 sq ft Bedroom: 4 Bathroom: 3 Built-up: 1,400 sq ft Land size: 1,800 sq ft Built-up: 1,920 sq ft Land size: 2,000 sq ft Bedroom: 4 Bathroom: 3 Bedroom: 4 Bathroom: 3

Terence Tih (REN 01644) Mohd Faiz (REN 04003) TRUE VEST PROPERTY Yat Min (REN 31294) Ann Soh (REN 03232) TECH REAL ESTATE SDN BHD (E (1) 1537) CONSULTANTS SDN BHD (VE (1) 0249) WTW REAL ESTATE SDN BHD (E (1) 0507/6) METRO REC SDN BHD (VE (1) 0376/1) +6017 668 2669 +6013 308 3063 +6018 661 3088 +6018 369 8650 FRIDAY JANUARY 17, 2020 • THEEDGE FINANCIAL DAILY

Find your dream home from more than 250,000 listings at www.EdgeProp.my SPOTLIGHT

Commercial Residential Properties for sale and rent Pro Agents, get your listings featured here! Email [email protected] or call 03-7733 9000

RM340,000 RM2,280,000 RM2,500,000 RM4,880,000 Ara Damansara, Selangor Hi-Tech 5, Semenyih, Selangor Sea Park (near LRT), SS21, Tanarimba, Janda Baik, Type: Condominium Tenure: Freehold Type: Corner semidee factory Petaling Jaya, Selangor Bentong, Pahang Built-up: 785 sq ft Tenure: Freehold Built-up: 6,400 sq ft Type: Bungalow Tenure: Freehold Type: Bungalow Tenure: Leasehold Bedroom: 3 Bathroom: 2 Land size: 12,045 sq ft Built-up: 3,500 sq ft Land size: 4,852 sq ft Built-up: 5,100 sq ft Land size: 72,580 sq ft Bedroom: 4 Bathroom: 4 Bedroom: 4 Bathroom: 5

Wenda Tee (REN 31380) Yong Hao Sit (REN 09622) Charles Chua (REN 02154) Jennifer Yap (REN 01757) REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) REGIONAL REAL ESTATE (E (3) 1274) REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) +6013 348 9163 +6012 690 8291 +6012 282 0823 +6012 324 0238

RENTED FOR

Serviced apartment DONE RM2,400 (RM2.19 psf) DEAL Metropolitan Square, Damansara Perdana, Selangor Concluded by: Jin Teok (REN 24772) of MIP Properties Sdn Bhd (+6012 771 7963) RM4,000,000 When: October 2019 RM700,000

Glenmarie, Shah Alam, Selangor Developed by Saujana Triangle around 5% per annum. Taman Midah, Cheras, Type: 3-storey shopoffice Tenure: Freehold Noteworthy Sdn Bhd (a wholly-owned unit “The tenant liked the Kuala Lumpur Built-up: 7,400 sq ft Type: Terraced house Tenure: Freehold of MK Land Holdings Bhd), interior design of the unit • Leasehold Built-up: 2,000 sq ft Bedroom: 4 Metropolitan Square is a mixed and that each bedroom has • Built-up: Bathroom: 2 development in Damansara air-conditioning. Plus, it comes 1,096 sq ft Yong Hao Sit (REN 09622) Perdana, Petaling Jaya. with a balcony that offers both Elvie Ho (REN 22102) REGIONAL REAL ESTATE (E (3) 1274) • 2 bedrooms, The development comprises city and pool views as well as REAPFIELD PROPERTIES (KL) SDN BHD (E (1) 0451/1) 1 study room, +6012 690 8291 six residential blocks and one two side-by-side parking bays. +6012 303 3788 2 bathrooms commercial block offering shop “It is hard to find fully- Fully furnished • and office units. The serviced furnished units with a good • High floor apartment units’ built-up sizes view and two side-by-side • Within 1km range from 450 to 1,462 sq ft parking bays in Petaling radius of popular while the commercial units Jaya. Rent of similar units in shopping centres: have built-ups ranging from Tropicana and Ara Damansara, IKEA Damansara, 525 to 1,276 sq ft. for instance, is around The Curve, Each residential block RM3,500 a month,” Jin told TESCO Mutiara has its own facilities such as EdgeProp.my. Damansara, Empire swimming pools, BBQ pits, Based on EdgeProp.my Damansara; well- gym and badminton courts. data as at Jan 7, 2020, there connected to The development is also were 145 for-sale listings RM3,488,888 various highways: near the Mutiara Damansara of Metropolitan Square RM845,000 Lebuhraya shopping belt (IKEA apartments asking for an Budget hotel, Melaka Raya, Damansara- Damansara, The Curve and IPC average price of RM582,194 or SS14, Subang Jaya, Selangor Type: 2-storey terraced house Tenure: Ayer Keroh, Melaka Puchong (LDP), Shopping Centre). RM554 psf while there were Type: Hotel Built-up: 3,678 sq ft Freehold Built-up: 1,165 sq ft Bedroom: 4 Sprint Highway, According to Jin Teok of 151 rental listings asking for Rooms: 20 Penchala Link Bathroom: 3 MIP Properties who concluded an average rent of RM1,921 or the rental deal, the owner had RM2.05 psf per month. John Oh (REN 07002) bought it for investment after The indicative rental yield Kelvin Tan Khai Yik (REN 31324) IQI REALTY SDN BHD (E (1) 1584) considering its rental yield of was 4.88%. ASPIRE PROPERTIES (E (3) 1632) +6012 298 6266 +6016 403 2222

RM1,950,000 RM695,000 RM500,000 RM3,560,000 Seksyen 8 Serdang, Bangi, Taman Puchong Utama, Vista Komanwel A, Bukit Jalil, Kuchai Business Park, Selangor Puchong, Selangor Kuala Lumpur Kuchai Lama, Kuala Lumpur Type: 2½-storey shoplot Tenure: Leasehold Type: 2-storey terraced house Type: Condominium Tenure: Freehold Type: Shopoffice Tenure: Freehold Built-up: 3,740 sq ft Land size: 1,440 sq ft Tenure: Freehold Built-up: 1,650 sq ft Built-up: 1,240 sq ft Built-up: 6,600 sq ft Land size: 2,240 sq ft Bedroom: 1 Bathroom: 4 Bedroom: 4 Bathroom: 3 Bedroom: 3 Bathroom: 2 Bathroom: 2

Mohd Faiz (REN 04003) Mohd Faiz (REN 04003) Terence Tih (REN 01644) James Lee (REN 11088) TRUE VEST PROPERTY CONSULTANTS SDN BHD TRUE VEST PROPERTY CONSULTANTS SDN BHD TECH REAL ESTATE SDN BHD (E (1) 1537) LEADERS REAL ESTATE (E (3) 1204) (VE (1) 0249) +6013 308 3063 (VE (1) 0249) +6013 308 3063 +6017 668 2669 +6010 773 0073 FRIDAY JANUARY 17, 2020 • THEEDGE FINANCIAL DAILY

FRIDAY AUGUST 30, 2019 Click/tap on SPOTLIGHT each listing Commercial Residential to visit the Properties for sale and rent listing’s page

RM1,380,000 RM895,000 RM2,300/mth RM1,200,000 Grand Ocean, Tanjung Bungah, Sentral Suite, KL Sentral, Vivo@9 Seputeh, Old Klang Road, Verve Suites, Mont’Kiara, Penang Kuala Lumpur Kuala Lumpur Kuala Lumpur Type: Condominium Tenure: Freehold Type: Condominium Tenure: Leasehold Type: Condominium Tenure: Leasehold Type: Condominium Tenure: Freehold Built-up: 4,500 sq ft Built-up: 826 sq ft Built-up: 785 sq ft Built-up: 1,236 sq ft Bedroom: 4 Bathroom: 4 Bedroom: 2 Bathroom: 2 Bedroom: 2 Bathroom: 2 Bedroom: 2 Bathroom: 2 (REN 13306) (REN 14852) Oliver Oon (REN 32684) (E2277) Mr Cheang REAPFIELD PROPERTIES (PUCHONG) SDN BHD Philip Ck Ong Re/Max Founders (E (3) 1400) I-PROP REALTY (USJ) SDN BHD (E (1) 0990/2) RE/MAX FOUNDERS (E (1) 1707/6) PEN PROPERTIES (E (1) 0452/8) +6016 414 8188 +6012 278 4622 +6016 220 0780 +6016 286 1221

RM1,306,500 RM880,000 RM925,000 RM218,000 Bukit Cerakah, Shah Alam, Penduline Rimbayu, Telok Near KLCC LRT station, KLCC, Cheras Business Centre, Cheras, Selangor Panglima Garang, Selangor Kuala Lumpur Kuala Lumpur Type: Agricultural land Tenure: Leasehold Type: Corner terraced house Type: Condominium Tenure: Freehold Type: Office Tenure: Leasehold Land size: 21,775 sq ft Tenure: Leasehold Built-up: 2,100 sq ft Built-up: 681 sq ft Built-up: 650 sq ft Land size: 1,750 sq ft Bedroom: 4 Bathroom: 3 Bedroom: 2 Bathroom: 1 Bathroom: 1

Segar Xavier Kuppusamy (REN 04972) Susan (REN 34104) Suzanne Shoo Kim Looi (E2069) Terence Tih (REN 01644) SQUARE FEET REAL ESTATE (E (3) 1547) CHESTER PROPERTIES SDN BHD (E (1) 1321/15) GRIFFIN PROPERTIES (E (3) 1792) TECH REAL ESTATE SDN BHD (E (1) 1537) +6014 338 3381 +6019 210 9848 +6016 248 1679 +6017 668 2669

RM385,000 RM630,000 RM2,300/mth RM315,000 Bandar Tasik Selatan, Laman Suria, Mont’Kiara, Casa Tropicana, Taman Tan Sri Yaacob, Skudai, Kuala Lumpur Kuala Lumpur Tropicana, Selangor Johor Type: Condominium Tenure: Leasehold Type: Condominium Tenure: Freehold Type: Condominium Tenure: Leasehold Type: Terraced house Tenure: Freehold Built-up: 800 sq ft Built-up: 1,037 sq ft Built-up: 1,227 sq ft Built-up: 753 sq ft Bedroom: 2 Bathroom: 2 Bedroom: 2 Bathroom: 2 Bedroom: 3 Bathroom: 2 Bedroom: 2 Bathroom: 2

Terence Yap (REN 10998) Vivienne Ng (REN 04563) Wenda Tee (REN 31380) Usha Sha (REN 17124) GS REALTY SDN BHD (E (1) 1307) REAPFIELD PROPERTIES (TAMAN SEA) SDN BHD REAPFIELD PROPERTIES (HQ) SDN BHD (E (1) 0452) GATHER PROPERTIES SDN. BHD (E (1) 1536/3) +6012 232 9042 (E (1) 0452/9) +6017 338 8859 +6013 348 9163 +6016 720 0135

RM1,300,000 RM930,000 RM808,888 RM1,600,000 Anggun Residence KLCC, KL City, KLCC Vortex, KLCC, Kuala Lumpur Wangsa Baiduri, Subang Jaya, Elite 33 Signature Industrial Kuala Lumpur Type: Condominium Tenure: Freehold Subang Jaya, Selangor Business Park, Shah Alam, Selangor Type: Condominium Tenure: Freehold Built-up: 826 sq ft Type: Terraced house Tenure: Leasehold Type: Terraced factory Tenure: Freehold Built-up: 657 sq ft Bedroom: 2 Bathroom: 2 Built-up: 2,800 sq ft Land size: 1,600 sq ft Built-up: 4,000 sq ft Bathroom: 1 Bedroom: 4 Bathroom: 4

Justin Lee (REN 32527) Josephine Tan (REN 05324) John Oh (REN 07002) Joanne Soh (REN 13124) FULL HOMES REALTY SDN BHD (E (1) 1501/8) CBD PROPERTIES (BUKIT JALIL) SDN BHD IQI REALTY SDN BHD (E (1) 1584) CBD PROPERTIES SDN BHD (E (1) 1197) +6016 618 9568 (E (1) 1197/12) +6012 390 9498 +6012 298 6266 +6012 297 6506